Shareholders' Equity (Text Block)

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity

Preferred Stock

We have authorized the issuance of 10 million shares of preferred stock with no par value. In the event of a liquidation, dissolution, or winding up of the affairs of the corporation, whether voluntary or involuntary, the holders of any outstanding preferred stock would be entitled to be paid a preferential amount per share to be determined by the Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at March 31, 2016 and December 31, 2015.

Other Comprehensive Income (Loss)

The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of other comprehensive income (loss) were as follows:

	Three Months Ended March 31,
	2016			2015
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	10,458		$	(60,773	)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(4,513		)	(597		)
Net hedging loss reclassified into net income	286			412
Pension benefit obligation adjustment	(455		)	511
Total other comprehensive income (loss), before tax	5,776			(60,447		)
Tax (provision) benefit
Foreign currency translation adjustment	(352		)	454
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	1,731			228
Net hedging loss reclassified into net income	(110		)	(157		)
Pension benefit obligation adjustment	137			(7		)
Total other comprehensive income (loss) tax (provision) benefit	1,406			518
Net-of-tax amount
Foreign currency translation adjustment	10,106			(60,319		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(2,782		)	(369		)
Net hedging loss reclassified into net income	176			255
Pension benefit obligation adjustment	(318		)	504
Total other comprehensive income (loss), net of tax	$	7,182		$	(59,929	)

The changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Benefit Obligation Adjustments			Total
	(in thousands)
Balances at January 1, 2015	$	(85,080	)	$	(768	)	$	(14,380	)	$	(34,832	)	$	(135,060	)
OCI before reclassifications	(60,319		)	(369		)	—			(1		)	(60,689		)
Amounts reclassified from AOCI	—			255			—			505			760
Total other comprehensive income (loss)	(60,319		)	(114		)	—			504			(59,929		)
Balances at March 31, 2015	$	(145,399	)	$	(882	)	$	(14,380	)	$	(34,328	)	$	(194,989	)
Balances at January 1, 2016	$	(158,009	)	$	318		$	(14,380	)	$	(28,536	)	$	(200,607	)
OCI before reclassifications	10,106			(2,782		)	—			(79		)	7,245
Amounts reclassified from AOCI	—			176			—			(239		)	(63		)
Total other comprehensive income (loss)	10,106			(2,606		)	—			(318		)	7,182
Balances at March 31, 2016	$	(147,903	)	$	(2,288	)	$	(14,380	)	$	(28,854	)	$	(193,425	)

Details about the AOCI components reclassified to the Consolidated Statements of Operations are as follows:

	Amount Reclassified from AOCI(1)						Affected Line Item in the Consolidated Statements of Operations
	Three Months Ended March 31,
	2016			2015
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	15		$	(15	)	(2)
Actuarial losses	327			(497		)	(2)
Settlement and Other	—			—			(2)
Total, before tax	342			(512		)	Income before income taxes
Tax benefit (provision)	(103		)	7			Income tax provision
Total, net of tax	239			(505		)	Net income
Total reclassifications for the period, net of tax	$	239		$	(505	)	Net income

⁽¹⁾  Amounts in parentheses indicate debits to the Consolidated Statements of Operations.

⁽²⁾  These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.

Refer to Note 7 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.